Study: Pensacola Among the More Stressful Housing Markets in the U.S.

Pensacola, FL (Newsradio 92.3) -- A new national report says Pensacola’s housing market is one of the more stressful places to buy or sell a home. The study ranked 355 metro areas, and Pensacola came in at 46th most stressful.

The analysis shows that homes in the Pensacola metro typically sit on the market for about 40 days before going under contract. And once they do sell, more than 60% close below the original asking price — often by tens of thousands of dollars.

Researchers say factors like longer wait times, price reductions, and overall market pressure — especially in coastal communities — are pushing Florida higher on the stress index.

Statewide, Florida stands out more than any other area. Seven of the ten most stressful markets in the country are in Florida, including Key West, Naples, Punta Gorda, Cape Coral, North Port, and The Villages.Key West tops the national list, with homes taking 84 days to go under contract and nearly 90% selling below list price.

The study was conducted by Mood, a federally legal cannabis retailer, which analyzed Zillow data across a 12-month period.